Workday price target raised to $235 from $215 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the firm’s price target on Workday to $235 from $215 and keeps a Hold rating on the shares. The company reported solid Q2 results, the analyst tells investors in a research note. This is now the third consecutive quarter where early renewals are called out, “which in a positive sense suggests customers are coming back to buy more from Workday intra-cycle,” says the firm.